Community Financial System, Inc. (CBU) to Distribute Quarterly Dividend of $0.49 on January 11th

Community Financial System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, December 15th will be given a dividend of $0.49 per share by the bank on Monday, January 11th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

Community Financial System has a dividend payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Community Financial System to earn $5.18 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 37.8%.

Community Financial System Stock Performance

CBU opened at $62.38 on Friday. The company’s 50 day moving average is $61.75 and its 200 day moving average is $63.53. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.29. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 13.93 and a beta of 0.76. Community Financial System has a 12-month low of $53.46 and a 12-month high of $71.11.

Community Financial System (NYSE:CBU) last announced its earnings results on Tuesday, July 28th. The bank reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Community Financial System had a net margin of 21.79% and a return on equity of 11.47%. The business had revenue of $218.45 million for the quarter, compared to analysts’ expectations of $221.77 million. During the same period in the prior year, the company posted $1.04 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Community Financial System will post 4.61 EPS for the current year.

Community Financial System Company Profile

Community Financial System, Inc (NYSE: CBU) is a diversified financial services company headquartered in DeWitt, New York. Formerly known as Community Bank System, Inc, the company traces its banking history to 1866 and operates through Community Bank, N.A., along with other financial services businesses.

Its banking operations provide consumer and commercial deposit accounts, residential and commercial lending, agricultural financing, municipal banking, cash management, and other financial products.